Home / Knowledge / News / Textiles / Domestic cotton production suffices meager needs
Domestic cotton production suffices meager needs
27
Jan '09
Vietnam needs to import a huge amount of cotton every year to feed the increasing appetite for the white gold from its textile mills. The main reason being that cotton production is falling with each passing year in the country. Experts say that with global cotton acreage shrinking for 2008-09 year, the shortage of this natural fibre will only become more pronounced.

Since the last few years, the cotton acreage has been falling sharply. Statistics reveal that Vietnam has been facing acute shortage of cotton for past couple of years and the problem has just got worse. During the 2007-08 year the cotton growing area came down to less than 7,000 ha, and yield reached only 2,600 tons of fibre. This met only 2 percent of the domestic textile need.

This has led to cotton ginning units shutting down their plants due, to shortage of cotton to process the same. In the first ten months of 2008, Vietnam imported cotton amounting to 198,094 tons and valued at US $306 million, compared to 212,000 tons of cotton, worth $268 million in the whole of 2007.

The 2003-04 cotton crop was the country's largest, with 31,187ha allocated to growing the crop which reduced to less than 7,000ha. Farmers have stopped growing cotton and switched to crops such as maize, potato, cassava and tobacco which provide relatively higher returns than cotton. Economists predict that looking at the current conditions; they foresee a situation where cotton will no longer be grown in the country by 2010.

The US tops the list form amongst the cotton importing countries followed by India, Singapore, Switzerland & UK. The volume of imports from US, India and Singapore grew sharply by 67.6, 93.6 and 317.5 percent respectively in Jan-Oct 2008 compared to the same period in 2007.

Fibre2fashion News Desk - India

Must ReadView All

Neelesh Hundekari speaking at the event. Courtesy: Subir Ghosh

Textiles | On 27th May 2017

Fabric of Change initiative announces €250000 scaling fund

The Fabric of Change initiative of Ashoka and the C&A Foundation is...

Pakistan's Finance Minister Mohammad Ishaq Dar presenting Budget 2017-18 in National Assembly in Islamabad on May 26. Courtesy: PID, Pakistan

Textiles | On 27th May 2017

Pakistan Budget 2017-18 proposes 4 new measures

To support the textile sector in Pakistan, finance minister Mohammad...

Textiles | On 27th May 2017

Indian exports can touch $325 bn in 2017-18: FIEO

Indian exports are on upward trend in last few months as the country...

Interviews View All

Hannah Lane
Redress

Encouragement from brands will motivate supply chains to become more...

Abhishek Samdaria
Reflete

GST will certainly reduce a lot of paperwork in future

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
May 2017

May 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search